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Also, there's further drilling results that are not part of the report to be released late this week. I'd love to see the SP climbing, but this is a long-term play with a real asset in the ground.
What a horrid day in terms of Share Price. Great to get the ss out but I think the lack of ££££ in the SS has a negative effect and the error is the coordinates. That said this is still one heck of an opportunity and this mine is worth a lot! The story hasn’t changed it just going to take s bit of time to get indicated status. We also have results of diamond drilling later this month. I am now way down at this sp, but not worried. Will add more shares at this price to bring my average down.
The sp is in a holding pattern, no ones been selling in any huge quantities, obviously this is partly MM manipulation, they’ll have to push the price up again soon. The SS confirms the value of the asset, just a matter of waiting for a buyer. I’m topping up. GLA
The so is in a holding pattern, no ones been selling in any huge quantities, obviously this is partly MM manipulation, they’ll have to push the price up again soon. The SS confirms the value of the asset, just a matter of waiting for a buyer. I’m topping up. GLA
In all honesty it’s a proven asset - we just need to do the infill drilling - industry can get the full whack figures so I’m sure they are very compelling!
Just a shame as I would like to see the nPV and finance side of it
I got berated last night for suggesting this was a troubling RNS (where is Lynxist today?) but I think the sell off has been overdone. Problem is most people have been stiffed on AIM before and anything like this is a red flag. I still have faith in LR but he has got a lot of work to do restoring confidence, starting tonight hopefully. Anyone one know if the event is being broadcast?
Quindell - likewise, personally I've got until May 2019 and need 0.3p for 1.5m (bills to pay). Must admit, that seemed a lot closer on Friday than today, but time will tell.
NEXt year I have no doubt.
That’s what I’m here for - shame about the SS though
Well done brooko
With you Brooko mate... could've sold at .15 too...
Regardless of what market or boundary lines....the asset we have is bloody brilliant. We'll see where this goes....but I've just bought some more at this stupid price for a multi...multi.. million dollar asset
Some of us don’t need social media to make friends I’m in that category! No petty arguments just stating a fact you was having an argument and forgot which ID you replying under was a bit embarrassing tbh....
Not worried about SP ye bit p**sed off I never sold at .15 but you win some you loose some do I think there is a nice bounce gonna happen on infill results... yes so not depressed at all!
People need to think just because financials have not been released doesn’t mean they not present...
Steve you are Dillon! It was embarrassing enough when you replied in the wrong user never mind still trying to carry the story on
Conclusion: Although, under JORC rules, Europa Metals is unable to publish the production forecasts or economic conclusions of its scoping study as it is based on a an inferred mineral resource estimate the company is sufficiently encouraged to be moving on to prepare a feasibility study - we await the results with interest.
That's the important message!
JustSay1ng not much..will post when i double my money if you haven't changed your name again by then..
SP Angel Flashnote; Europa Metals Limited (EUZ LN) 0.07 pence, Mkt Cap £4.0m – Scoping study for the Toral zinc, lead, silver project in Spain Europa Mining reports what it describes as a positive scoping study for its wholly owned Toral zinc-lead-silver project in the Castilla y Leon region of northwest Spain. The study includes a revised mineral resources estimate of 16mt at an average grade of 3.9% zinc, 3.1% lead and 24g/t silver all at the JORC inferred level. Mining is expected to use decline access to an underground operation using mechanised cut and fill mining in 50m high stopes extending up to100m along strike. Ore is expected to be processed via a conventional three stage crushing circuit followed by grinding, milling and flotation to produce azinc and lead flotation concentrates. The company points out that “since 100% of the Mineral Resources at Toral are currently in the Inferred resource category, in accordance with Section 8.5 of ASX Guidance Note 31, the Company is not able to publish a production target or forecast financial information at this time.” Europa Metals does, however say that “The findings of the Study are positive with a recommendation that the Toral Project should be progressed towards a feasibility study to determine full economics, technical and environmental parameters for an underground mining operation focussed on near-term recovery of the higher-grade mineralised zones.” Conclusion: Although, under JORC rules, Europa Metals is unable to publish the production forecasts or economic conclusions of its scoping study as it is based on a an inferred mineral resource estimate the company is sufficiently encouraged to be moving on to prepare a feasibility study - we await the results with interest.
An Investor evening hosted by Turner Pope Investments (TPI) Ltd, to be held on Monday 10 December 2018. The event will be held in London, W1 and will commence at 5.00 p.m.
To register your interest, please email info@turnerpope.com or call 0203 621 4124.
Toop ring a bell?
Justsaying how many accountd do you have on lse? Looking at your previous i swear ive seen this exact type of deramping before.
Thanks BricksSA.
I've requested and doesn't look like we'll have info on this soon.
Feedback as follows:
"To disclose the Scoping Study at this time in full you would be subject to staying as an insider until the numbers became public, the full study will be used but with industry groups."
Ask Dan Smith @Europametals. email address...Dsmith@europametals.com
Said it before and will say it again the PI arent what will see this to mine a larger company will either buy this out or JV regardless of management. If the metal in the ground is true then all we need to do is wait for a buyer.
"The comprehensive Scoping Study will be made available in full to industry groups on application to the Company."
Anyone tried to obtain or request this, or know how to obtain other than via ASX where it cannot be released?
Would industry groups requesting this be required to sign an NDA?
1/ Today's news doesn't tell you much more than was out there already.
2/ Laurence Read spoke well at The Proactive Mining Day on 29th November and reiterated his view of targeting High Grade mining. Lead and Zinc resources are there. Some silver too.
3/ EUZ is presenting tonight at a Turner Pope evening where his talk will open up to more HNW investors.
4/ SP at Bottom end of range. As someone pointed out it was trading at 0.16 not so long ago on optimism. Does Warren Buffett buy the highs on great news and sell the bottom on weaker news?
I added 8mm earlier. GLA
That's why he wears glasses. Should of gone to specsavers!
IMO two fundamental mistakes were made.
1. Boundary issue. This should have been identified some time back by management.
2. Scoping study with financials based on inferred resources. This was done and they were not allowed to publish it as per ASX rules it must be indicated resources. They should also have been aware of this.
Needless to say he is presenting today and all questions will be asked as to how the above came about.
Also no doubt ... questions will be asked reference financials and NPV and ROI which we all could have seen had they been able to publish it.